This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $50,484 initial cash invested.
-5.51%
Cash On Cash
5.74%
Cap Rate
0.89
DSCR
$1,713
Rent
-$232
Cashflow
Cash Flow
$1,713 income − $1,945 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,713
Total Expenses
$1,945
Mortgage P&I
76%
$1,296
Property Taxes
7%
$115
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0